Archive | Auto Industry News

Manheim Completes Bold Auction Transformation

ATLANTA — With the completion of its $400 million auction and process transformation, Manheim says wholesale buyers and sellers can now experience simpler transactions and processes at 78 locations, as well as take advantage of powerful tools and self-service options. “Since starting this journey, we ... Read More »

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SouthwestRe Wins Second Straight Gold Award for Service Contract Reinsurance

ALBUQUERQUE, N.M. — SouthwestRe Reinsure Inc. (SouthwestRe) has been awarded the 2018 Dealers’ Choice Gold Award for Service Contract Reinsurance. This marks the second year in a row that SouthwestRe has won this prestigious award. The Dealers’ Choice awards are determined by a survey sent ... Read More » Tags: ,

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EFG Companies: Dealers Must Embrace Industry Paradigm Shift

DALLAS, Texas — Staffing and customer engagement models are the top issues impacting the future health of the retail automotive industry, EFG Companies President and CEO John Pappanastos said today. The F&I product provider’s chief executive delivered his comments as part of a state of ... Read More » Tags:

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Continental Reports 25% Time Savings Using Over the Edge’s Administration System

WESTERVILLE, Ohio — Continental Warranty reported today that Over the Edge’s administration system and rating engine, TecAssured, has cut the time required to administer F&I and aftermarket product contracts by 25%. Prior to implementing TecAssured, the F&I product provider said it could take 30 to 45 ... Read More »

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RideShare Knight Offers VSCs for Uber and Lyft Drivers

NEW YORK — RideShare Knight, a vehicle service contract provider for such rideshare operators as Uber, Lyft, Juno, Via, and other up-and-coming apps, announced the nationwide launch of an exclusionary service contract for hardworking drivers. Since carmakers and third-party vehicle service contract providers do not ... Read More »

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Michigan Leads Nation in Repair Affordability

IRVINE, Calif. — For the third consecutive year, Michigan is the U.S. state with the lowest average check engine light repair cost ($333.26), according to automotive diagnostic industry leader CarMD.com, which analyzed data from more than 10.7 million vehicles needing repairs in 2017 to verify ... Read More »

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